Kuramoto Corporation Manufactures and Sells a Single Product

question 77

Multiple Choice

Kuramoto Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During June, the company budgeted for 7,600 units, but its actual level of activity was 7,560 units. The company has provided the following data concerning the formulas to be used in its budgeting:
-The activity variance for direct labor in June would be closest to:

• A)$312 F
• B)$312 U
• C)$1,592 U
• D)$1,592 F

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Definitions:

Problems

Challenges or difficulties that need to be solved or addressed.

IFRS

International Financial Reporting Standards, which are a set of accounting standards developed by the International Accounting Standards Board (IASB) that aim to bring consistency to accounting language, practices, and statements globally.

Used

Pertains to items or assets that have been utilized or consumed, often in contrast to those that are new or unused.

Country

A distinct territorial body or political entity recognized as an independent nation.